In the retail game, keeping track of inventory is key. It’s all about having the stuff people want, when they want it, and at a good price. Retailers use fancy tech, number crunching, and savvy employees to make sure they’ve got the perfect mix of products to meet demand without going broke on storing too…
Embarking on a journey through Kenya’s taxation, one encounters a crucial element: Kenya withholding tax. It’s a silent force impacting businesses and individuals. In this discourse, we’ll dissect withholding tax, unraveling its purpose and consequences. We’ll explore its varied forms and its profound role in Kenya’s economic dynamics. This article delves into fundamental Kenya withholding…
A Bill of supply is an invoice that is issued when no tax is to be charged on supplies made or where tax is charged but no ITC can be passed on to the recipient. Here in this article, we have explained in detail situations where this bill is to be issued, its contents, and…
All businesses or organizations have two indispensable financial flows: Expenses and Revenue. The expenses part is what we refer to as accounts payable (AP). Let’s have a quick understanding of the mentioned terms. In simple words, revenue refers to the money coming in, and expenses refer to the money going out. The money coming in…
Starting a business and looking for accounting software? What is Sage all about? Need a Sage review? Sit back. I have got you all covered in this article. We’ll explore Sage in detail and study its characteristics. Along with the Sage review also understand the taxing system in the UAE. I will also…
Value-added tax is one of the most popular forms of government taxes in the world. South Africa VAT is something similar. Apart from the several types of corporate and small business taxes that South African businesses have to pay, South Africa VAT is common to all. This commonality includes paying customers as well, as South…
Are you a small business owner in South Africa, trying to wrap your head around the complex world of taxes? Well, you’re in the right place! In this article, we’re going to break it down for you in plain, easy-to-understand terms. But wait, it’s not just about the what, it’s also about the how. We’ll…
In our business structures in South Africa guide, we’ve explained the different types of company formations that are legal in South Africa. In this article, we will talk mainly about sole proprietorship. This includes, what it means, how to register for it, and the several technicalities surrounding it. So let’s get started with our South…
If you’re new to the business scene in South Africa and find yourself scratching your head over all the different legal business structures and their consequences, starting a new business can feel like a pretty daunting task. You see, before you even dive into the nitty-gritty of running a company, the very first step is…
A tax invoice is like a detailed receipt given by a seller to a buyer. It shows what was purchased, its price, and the necessary tax information. This document is crucial for proper tax reporting. As VAT is the major tax in the UAE, in this article, we’re going to understand what a tax invoice…